BitFuFu's 5th Anniversary CEO Letter to Users: Nearly 30,000 Bitcoins Mined in Total, Continuing to Promote Mining Infrastructure Development

According to Coinworld.com, on the occasion of its fifth anniversary, Leo Lu, chairman and CEO of BitFuFu, issued an open letter to users, systematically reviewing the company’s development path and long-term strategy since its establishment in 2020. The letter disclosed that BitFuFu has mined nearly 30,000 Bitcoins since its establishment, maintaining stable operations through multiple market cycles. BitFuFu was listed on Nasdaq on March 1, 2024 (ticker: FUFU). According to the Frost & Sullivan report, BitFuFu has grown to become the world’s largest cloud computing power platform, serving over 640,000 users and achieving annual profitability. Up to now, the company has managed a peak computing power of more than 38EH/s and a peak power capacity of 752 megawatts, covering cloud computing power, self-operated mining, hosting and mining machine equipment services, and the global user scale continues to expand. In terms of future planning, BitFuFu said that it will gradually shift from an asset-light model to a more flexible vertical integration model, strategically deploying its own assets while maintaining the advantages of platformization. The company plans to explore self-generation mining and full-chain energy management, and promote the combination of cloud computing power and real-world assets (RWA) under the compliance framework, while prudently expanding new regions and partners around the world.